What You Need to Know About China’s Soaring Household Debt
China’s household debt to income ratio rose threefold from 30% in 2008 to 92% in 2019. Here is what it could mean for China’s economy.
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XPeng's 'Robotic Hand' Debuts, Capable of Performing Precise Tasks in Industrial Settings
He Xiaopeng, founder of XPeng Motors, posted a video on Weibo stating that he used the robotic hand to operate his phone and book a new MONA M03.
Bytedance Rumored to Hit $20 Billion Revenue Goal for 2019
Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).
1/10/20202 min read
Pony.ai Establishes European R&D Center
Pony.ai signed a MoU with Emile Weber. The two parties will collaborate to promote the R＆D of autonomous driving vehicles and technology in Luxembourg.
10/24/20242 min read
IDC: Penetration of L2 Autonomous Driving in China's Passenger Car Market Reached 23.2% in Q1
Technology industry research institution IDC released a new report, which indicates that the penetration rate of L2 autonomous driving in the Chinese passenger car market is as high as 23.2%.
4/28/20223 min read
Inside the Chinese “Idol Factory”: Rethinking Modern Female Narration on TV
2020 marked a special year for women in the Chinese entertainment industry. With trending female talent shows, the discussion about representation and inclusion of diverse female figures is finally coming to light.
12/4/20206 min read
Alibaba's Banma Reaches Strategic Cooperation with Chongqing Municipal People's Government
On August 23, Chongqing Municipal People's Government signed a contract with Banma, a subsidiary of Alibaba, to reach a strategic cooperation deal.
8/23/20222 min read
Chinese Truck Maker Hanma Technology to Stop Producing Fuel Vehicles in 2025
On September 7, Hanma Technology, which focuses on the manufacturing of heavy-duty trucks, reiterated that it would cease its production of fuel vehicles in 2025 and instead enter the field of new energy heavy-duty trucks.
9/8/20223 min read
"Fireball" Soars Above China's Zhejiang, Meteorite Parts Later Found
Between 5:40 pm and 6:00 pm on December 15, Beijing time, many locals in Jinhua, China's Zhejiang Province posted online that they had witnessed a mysterious bright "fireball" flashing through the sky, and that meteorite parts were suspected to have fallen to the ground.
12/16/20224 min read
Rokid and CNPC Launches World’s First 5G Explosion-Proof AR Headband X-Craft
Chinese AR glasses manufacturer Rokid joined hands with China National Petroleum Corporation (CNPC) to launch a 5G explosion-proof AR headband X-Craft, aiming to promote frontline worker productivity as well as ensure safety in high-risk zones through the remote collaboration system.
BYD Launches Destroyer 05 Champion Edition
On April 28th, the BYD Destroyer 05 Champion Edition was launched for sale. The new car has a total of 5 configurations with a price range of ¥101,800 to ¥148,800 RMB (about $15,000 to $22,000 USD).
Well-link Completes $62.78 Million in B Round of Financing, Led by Future Capital
Well-link, a Chinese cloud gaming service provider, announced that it had completed the B round of financing with a total amount of 400 million yuan ($62.78 million).
12/1/20212 min read